China is poised to import two copper concentrate cargoes from the United States post the red dragon allowed local companies to seek trade-war tariff waivers.
- In 2017, the United States was among the top supplier of copper concentrate with a supply of 433k tonnes; however, the trade dried off rapidly post Beijing imposed a 10 per cent tariff in 2018 while later increasing it to 25 per cent last year.
- Amidst the trade war toning down, some Chinese firms have been allowed to apply for an exemption.
There is no investor left unperturbed with the ongoing trade conflicts between US-China and the devastating bushfire in Australia.
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